AUSTRALIA’S INCUBUS

Hokitika Guardian, 30 August 1930, Page 5

AUSTRALIA’S INCUBUS

EXPLOITING DEBT DIFFICULTY. [United Press Association—By Electric '.telegraph.—Copyright.j LONDON, Aug. 29. Th© “Times,” commenting editorially on Australia, says: “Hon. Mr Fenton’s rather'wild talk of impasing a censorship over the newspaper correspondents cabins concerning the repudiation of the debts may be overlooked as a rhetorical, expression of indignation. Jt is not a censorship that is required; but a proper understanding of the degree' of importance attachable to the extremists’ utterances. However, there seems to be no likelihood of their resolutions Ijeing accepted, and Australia will seek her financial restoration by more orthodox methods.” * The “Daily T6legrap.li” in an editorial, on the. same subject, says: It is not desirable that in a con-stitutionally-governed co,untry political facts should be conbealed, More-, over they cannot be concealed'.” SYDNEY, *Ahg; 29.

The 1 foregoing comments by ■ the Loitdbri papers as to the statement made'by’ Ml* Fenton, refer 'to ■ his statement upon his arrival at .. Melbourne yesterday, when he expressed resentment at the despatch of the press 'cables to London referring , to proposed war debts repudiation. Mr Fenton -said that he was going to find out who they were, whp ewe re f?ending : such misleading and defamatory reports. He added thattit ,waS time that a censorship was exercised' over these newspaper correspondents. V T.U.C. MELBOURNF. Aug. ; 29. Mr" W. J. Duggan, the President of the Australian Council of Trades Unions,' when questioned about'' the matter of the repudiation of Australian overseas debts, replied: “Nobody outside' a lunatic asylum takes .the New South Wales Labourites’ proposals iseriously.” 1 ■ ', AUSTRALIAN CREDIT. * V . LONDON, August 28.... Australian financial circles regard the response here to the Australian Treasury Bills offer as being very satisfactory, particularly in view qf the publication of the rppudation suggestions from the Sydney Labour Council during the tendering period. These latter reports actually caused one' point; of the setback in the Corny, monwealth stocks yesterday, but this was recovered.

The . “Daily Express” foi'sees the end of ffie depression ill Britain. It says. that, the city is choked with money awaiting investment). /